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Listed by Timothy Warren • NAI Northern California
$1,725,000
Est. payment /mo
6,631 SqFt
Active
1905 Foothill Blvd Oakland, CA 94606
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Key Details
Property Type Commercial
Sub Type 5 or More Units
Listing Status Active
Purchase Type For Sale
Square Footage 6,631 sqft
Price per Sqft $260
Subdivision San Antonio
MLS Listing ID 41143837
HOA Y/N No
Year Built 1932
Lot Size 3,500 Sqft
Property Sub-Type 5 or More Units
Source Bridge AOR
Property Description
1905 Foothill Boulevard, a well-maintained 13-unit apartment community situated on the corner of Foothill Boulevard and 19th Avenue in Oakland's San Antonio neighborhood. Originally constructed in 1932, the approximately 6,631 SF property features a unit mix of twelve (12) studio units and one (1) large 3-bedroom, 1-bath unit and four (4) garage spaces. The property's distinctive Spanish/Mediterranean- inspired architecture, highlighted by decorative parapets and large windows, provides excellent curb appeal while maintaining the charm of a classic Oakland apartment building. The efficient studio layouts, combined with a larger owner's or family-sized unit, create a diversified income stream with additional upside through continued rent growth. Offered at $132,692 per unit, the property generates an attractive 6.93% in-place cap rate with additional upside through the continued growth of below-market rents.
Location
State CA
County Alameda
Interior
Heating Wall Furnace
Cooling None
Flooring Laminate, Vinyl
Fireplace No
Appliance Dryer, Washer
Building
Lot Description Corner Lot
Water Public
Others
Special Listing Condition Standard
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